First Busey Corporation (NASDAQ: BUSE) (“the company”), headquartered in Leawood, KS, is a $19.5 billion-asset financial holding company of Busey Bank (“the bank”). BUSE has its origins dating back 150+ years. BUSE operates a diversified, commercially oriented banking franchise with a legacy Midwest centric footprint that now expands into faster growth MSAs including Kansas City, Dallas-Ft. Worth, Denver and Phoenix.
Lending activities are complemented by scalable wealth management (>$13 billion in AUC) and payment technology solutions businesses, the latter operating under the FirsTech brand. Within FirsTech, management is focused on future growth in the key competencies of integrated receivables, merchant processing, and online payments.
With the completion of nine acquisitions in the last ten years, M&A has been a meaningful contributor to asset growth and expanded deposit market share. CrossFirst Bankshares, Inc. (“CFB”) is the…
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